Goldman Sachs CEO David Solomon is surprised markets aren’t panicking more about Iran

Wall Street keeps sanding down its worry by the close, but Solomon says the “cumulative effect” can take weeks — and markets won’t warn you first

Brendon Thorne/Bloomberg via Getty Images

Goldman CEO David Solomon just issued a rare complaint from Wall Street: There isn’t enough fear. He said he was “actually surprised” that the market’s reaction to what’s happening in the Middle East has been “more benign” than expected — and warned that the harsher “cumulative effect” can take “a couple of weeks” before investors price the crisis like they really mean it.

That’s a worrying signal from a man whose job description includes translating uncertainty into spreads.

As a result of the U.S. and Israel’s actions in the Middle East, oil has spiked, global stock indexes have slumped, and the dollar has strengthened as money backs away from risk. And yet, on the part of........

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